Reinsurance - Recoverables and Claims (Details) - USD ($) $ in Millions |
12 Months Ended | ||
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Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Reinsurance | |||
Claims recovered through reinsurance | $ 435 | $ 404 | $ 400 |
Reinsurance recoverables | 4,400 | 4,500 | |
Liabilities for assumed reinsurance arrangements | 388 | 413 | |
Long term care insurance | |||
Reinsurance | |||
Reinsurance recoverable related to LTC risk ceded to Genworth | $ 2,700 | $ 2,600 |
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- Definition Liability as of the balance sheet date for the estimated ultimate cost of settling claims and claim adjustment expense relating to insured events that have occurred on or before the balance sheet date for those liabilities owed to another party as a result of assuming another insurer's primary obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of reduction of provision for policy benefits and costs incurred for policies ceded. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The sum for all reinsurance arrangements of the known and estimated amount recoverable as of the balance sheet date from a given reinsurer for claims paid or incurred by the ceding insurer and associated claims settlement expenses for each reinsurance arrangement (or, the sum of all cases determined individually, probably applying different assumptions to each arrangement). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after valuation allowance, recoverable under reinsurance contracts including premium paid under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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